Investment Loss Options for Clients of LPL Financial LLC Broker Brian Gaffney
Posted on Monday, June 14th, 2021 at 6:35 pm
There are options for clients who suffered investment losses due to recommendations by LPL Financial LLC broker Brian Gaffney (CRD# 1633401). Gaffney has been registered with LPL Financial LLC in Chester, New Jersey since 2000.
Gaffney has been the subject of two customer complaints between 2002 and 2020, one of which was denied, according to his CRD report:
December 2020. “Customer alleges that his financial professional recommended that he invest in a REIT and a business development company which were unsuitable for his investment portfolio. Activity period: 5/2014 to 12/2020.” The customer is seeking $135,000 in damages and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by Gaffney’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.